Guidance ledger · Q4 FY26

Suzlon Energy Limited SUZLON

4 revisions on record · 0 lowered · 3 raised — the strikethrough is what management used to say

directional guidance only · shifted across quarters

Holding view → · latest concall · The pulse

→ narrowed Order Book Q1 FY26 → Q4 FY26

~~5.7 GW (Q1FY26)~~ → 5.9 GW (Q4FY26) — peaked at 6.4 GW Q3FY26

“Order book of 5.9 gigawatt consists of 66% of C&I and PSU segment, which is fast growing.”

↑ raised EPC Share of Order Book Q2 FY26 → Q4 FY26

~~~20% (Q1-Q2FY26)~~ → 28% H2 (target 50% by FY28)

“The focus now is on expanding our EPC offering, which has grown from 20% to 28% in H2”

↑ raised FY26 Growth Commitment Q1 FY26 → Q4 FY26

~~60% YoY KPIs (Q1 target)~~ → EBITDA +63% / PBT +67% / WTG revenue +65% (Q4 actual)

“Our overall EBITDA went up by 63%. Profit before tax consolidated went up by 67%.”

↑ raised Industry Wind Installations Q1 FY26 → Q4 FY26

~~~6 GW FY26 (Q1FY26 forecast)~~ → FY26 6 GW achieved; FY27 8 GW, FY28 10 GW, FY30/31 15 GW

“Our numbers would be more or less plus/minus you can give some leeway, 8 gigawatt in '27 and maybe 10 gigawatt in '28.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.